Acquisitive Vp swoops for Brandon Hire in £68m deal
Harrogate-based hire business Vp has today announced the acquisition of the entire issued share capital of Brandon Hire Group for more than £68m.
The deal includes a cash consideration of £41.6m payable on completion and assumed net debt of around £27.2m. The acquisition has been funded from new banking facilities with the Group’s lenders.
The combination of the two businesses will, over the medium term, deliver economies of scale in purchasing and operations and will create a leading specialist tool hire business within the UK... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
